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but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a european size government with current american size tax rates. one or the other has got to go. we will see. joining us now, author of the best seller, get ready for armageddon. also, a recording of -- i will explain my laughter. his new holiday cd, making spirits bright available on the amazon and itunes. i am trying to think how to do it. >> the words stuck in your throat. lou: it is terrific. it is wonderful. here to prove the point, and it's ggod to have you. i wish you lots of luck. by the way, s t eyn. that's right. and i got it covered. >> that's right. why do i have
but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a...
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if his prime minister for three separate terms is currently caught up in a number of scandals using tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. as well in president chavez has announced he's suffering from cancer once again the distance tests show the return. somewhat movement cells in the same area where tumors had been previously removed he said to return to cuba where he's already received the cancer treatment to undergo surgery in the coming days and news comes two months after travers was reelected as president in a tight vote. for u.s. drone attack on what's believed to be a militant hideout has left at least three people dead in pakistan four missiles struck a residential compound in the north waziristan province early on sunday despite demands by pakistan for an end to attacks by unmanned a croft the country's restive tribal belt is often targeted by u.s. drones with washington claiming it and targets insurgents. the americans in their hundreds of thousands across the states have gone online to say
if his prime minister for three separate terms is currently caught up in a number of scandals using tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. as well in president chavez has announced he's suffering from cancer once again the distance tests show the return. somewhat movement cells in the same area where tumors had been previously removed he said to return to cuba where he's already received the cancer treatment...
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they also pay a high rate of tax but nowhere near as high as the u.k. we've got the.
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the.
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prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. venezuelan president hugo chavez has announced he's suffering from cancer once again the leader says tests are show their return of sound the malignant cells in the same area were tumors have been previously removed he will return to cuba are worth he's already received cancer treatment to undergo surgery in the coming days the news comes two months after this was reelected as president in a tight vote. americans in their hundreds of thousands in all fifty states have gone online to say they want their state in the pan and from washington parties wary of organized try to find out why more and more u.s. nationals are eager to rip the stars and stripes apart. for that. or to moderate their is a former colony won the right to kill its oldest of the. perfected order to move forward. four weeks following barack obama's reelection nearly one million americans have moved
prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. venezuelan president hugo chavez has announced he's suffering from cancer once again the leader says tests are show their return of sound the malignant cells in the same area were tumors have been previously removed he will return to cuba are worth he's already received...
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they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few london is down the street and asked them about how they feel about how much tax they pay let's take a listen i'm not particularly looking for us posts in these papers such as think that it should be fair across the board people should pay proportionately to what i have you know get in from it really. feels like it's all going to the fact that it's in the. communities it's just. it could be. so as you can see a lot of people are just extremely frustrated that they aren't getting any of their local services back it's demoralizing figure and as the government had promised to recognize marriage to provide some of these tax breaks they haven't done that yet and in the run up to christmas with prices on the rise food prices fuel prices just the price of heating a family's home this is very very bad news and a lot of people feeling extrem
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few london is down the street and asked them about how they feel about how much tax they pay let's take a listen i'm not particularly looking for us posts in these papers such as think that it should be fair across the board people should pay proportionately to what i have you...
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prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convicted convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. nearly two hundred countries have agreed to stand the kyoto protocol treaty that limits the greenhouse gas output of some nations it hopes of curbing global warming the legally binding plan was approved by un delegates during climate talks in doha the summit established for the first time that rich nations should move towards reimbursing poor nations for losses due to climate change. and we want president has announced he's suffering from cancer again the leader says tests showed a return of some malignant cells in the same area were tumors have been previously removed he will return to cuba were he's already received cancer treatment to undergo surgery in the coming days the news comes two months after a child this was reelected as president in a tight vote. now russia says it's drawing up a blacklist of u.s. officials it considers guilty of human rights
prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convicted convictions which he's appealing and accusations of paying for sex with an underage prostitute something he denies. nearly two hundred countries have agreed to stand the kyoto protocol treaty that limits the greenhouse gas output of some nations it hopes of curbing global warming the legally binding plan was approved by un delegates during climate talks in doha the summit...
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you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level. i think eliminating these loopholes does do what the president has been talking about, fairness. it gives shared burden which is what we want to do. we have said we're willing to increase revenue someone. we get there at a different route than the president but the president needs to put on what he is willing to do to reduce spending and he has not done that so far. >> jack kingston, thank you. financial markets are watching. on the other side there is another controversy with a major fallout. clerical workers have been on strike at the ports in
you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level....
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blinding in britain morris some citizens are losing more than two thirds of their monthly income in taxes while davos a much needed benefits and return. value once a slice of the look at a boiling gas reserves over the south china sea but was beijing being their region's powerhouse we explore if there's enough room for the two to grow. while the true science technology innovation all the moves developments from around russia we've got the future covered. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations are on the day.
blinding in britain morris some citizens are losing more than two thirds of their monthly income in taxes while davos a much needed benefits and return. value once a slice of the look at a boiling gas reserves over the south china sea but was beijing being their region's powerhouse we explore if there's enough room for the two to grow. while the true science technology innovation all the moves developments from around russia we've got the future covered. more news today violence is once again...
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and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply and if for the first time in public but he has moved. >>reporter: he has. he is not willing yet, not yet, anyway, willing to raise tax rates. in speaker boehner's proposal he put revenue, tax revenue of $800 billion on the table. you her the white house said this was not enough detail but they say in the republican side it would be from limiting deductions and republican leader said this. >> republicans have move add great deal. who was the fi
and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal...
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we heard a very long discussion about tax treatment of same-sex marriages. the cdu trying to show itself as a party that is delectable by urban voters and that stands for diversity, as i said. >> ending the eurozone crisis has been a top priority, not only for merkel, but also for other european leaders as well. >> one key part of the plans is the creation of a banking union. finance ministers were supposed to be discussing the first steps to building such a union today, but the talks collapsed without progress. the discussions are very contentious, mainly because of the devolution of national powers to brussels. our correspondent has been following the talks and explained why they collapsed. >> another meeting on this next question, another failure. basically, the differences between member states were not healed. on the one side, you've got germany being very questioning about the central core idea, which is that the european central bank will become the supervisory body for the whole euro banking area, insuring heavy capitalization of banks to bolster the
we heard a very long discussion about tax treatment of same-sex marriages. the cdu trying to show itself as a party that is delectable by urban voters and that stands for diversity, as i said. >> ending the eurozone crisis has been a top priority, not only for merkel, but also for other european leaders as well. >> one key part of the plans is the creation of a banking union. finance ministers were supposed to be discussing the first steps to building such a union today, but the...
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impose a sales tax on wall street call it the wall street sales tax i think that makes a lot of sense there was one between one thousand nine hundred sixteen and one nine hundred sixty six there was a very small wall street sales tax new york state still has a wall street sales tax but they give it back they give it back to the banks because the banks say don't you dare tax us so we'll go to jersey so they they caved in there's also the restall right now today a tiny tiny tax on wall street turnover it's point zero zero zero zero something or other and that goes to finance the securities and exchange commission so there's no doubt about the constitutionality it's easy to collect the stuff has to go across exchanges or be enforced in the court. and the amount well the turnover is in the quadrillions six to seven quadrillions of derivatives stocks bonds you put a one percent tax on that your revenue enhancement is probably in the area of many trillions. we don't know how many trillions because obviously the speculation would tend to go down if you're sort of the narrative is imposing on
impose a sales tax on wall street call it the wall street sales tax i think that makes a lot of sense there was one between one thousand nine hundred sixteen and one nine hundred sixty six there was a very small wall street sales tax new york state still has a wall street sales tax but they give it back they give it back to the banks because the banks say don't you dare tax us so we'll go to jersey so they they caved in there's also the restall right now today a tiny tiny tax on wall street...
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i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i can assure you, the president and democrats in congress, have consistently said, we're not going to do this -- there is no my way or the highway. we have concrete proposals and compromise on the table, thus far, though, we have republicans who are dug in inning there's no way they're -- insisting there's no way they're going to support increasing rates on the wealthiest americans. >> let me play for you what the president just said to bloomberg tv. >> entitlement reform, i don't expect republicans to agree to any plan where they're just [ inaudible ] that entitlement reform would happen. we have to have specific down payments now, recognizing we would have to continue to work to come up with better ideas to reduce health care costs over the long term. >> are you willing to work with the president to go up against aarp to b
i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i can assure you, the president and democrats in congress, have consistently said, we're not going to do this -- there is no my way or the highway. we have concrete proposals and compromise on the table, thus far, though, we have...
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>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges of the income spectrum, okay? the top 2% is what he is talking about. there is something to that. i think whatever the program is, it seems to me we must do something about it. because otherwise if we have -- the debt ceiling is the critical issue. because if we get up there and we will get up there sometime between now and february, you could have another great collapse in terms of the confidence notice american dollar that. would be a huge, huge issue for the united states. so we must be in a position where it is not that we have authorized the spending of the money, we just don't have the money. we're running a deficit of $25 billion every we
>> 2%. >> raise taxes. >> 2%? >> raise tax revenue by capping deductions at 2%. >> at 2% of income? >> no, no, no. that will cause a revolution. [ laughter ] >> a bad idea. >> he said it would raise 400, $500 billion over a decades assuming the deductions were still allowed. that is more than half of the g.o.p. revenue goal. >> what you want to do is put a limit on the offsets you can have applied to your income if you're in the upper ranges...
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prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convictions which he's appealing at accusations of paying for sex with an underage prostitute something he denies. it as well and president hugo chavez has announced he is suffering from cancer once again the leader says tests showed a return of some malignant cells in the same area where tumors had been previously removed he will return to cuba where he's already received cancer treatment to either go surgery in the coming days the news comes two months after chavis was reelected as president in a tight vote. beijing as warned india against pursuing oil exploration in the disputed resource rich south china sea it comes in reaction to this week's statement by india's navy chief who announced his country could go as far as sending warships to the area to protect its economic interests investigated the claims. as china and india rise economically their military muscles are growing as well both need energy to keep that kind of growth going and that may be putting the two asian gian
prime minister for three separate terms he's currently caught up in a number of scandals including tax fraud convictions which he's appealing at accusations of paying for sex with an underage prostitute something he denies. it as well and president hugo chavez has announced he is suffering from cancer once again the leader says tests showed a return of some malignant cells in the same area where tumors had been previously removed he will return to cuba where he's already received cancer...
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problem by government withdrawing by printing the role of government by getting government to spend less tax less and regulate less that is what will get chronic back in order and that's what will. cause john kerry to grow again a little here. so. failing companies being supported by government is only a very short term solution in the long term it is a disaster. hundreds of thousands of americans say they want to break away from washington residents across the land of sun internet petition saying they don't want to be part of the united states anymore but important story. tonight. for two minor tears after a former colony won the right to determine its own destiny. the task of perfecting the art here you know moves forward. four weeks following barack obama's reelection nearly one million americans have moved forward by campaigning to break apart all fifty states have filed online petitions with the white house requesting to peacefully secede from the so-called perfecting union a movement that's garnered more than thirty thousand signatures in north carolina where many like michael toggled.
problem by government withdrawing by printing the role of government by getting government to spend less tax less and regulate less that is what will get chronic back in order and that's what will. cause john kerry to grow again a little here. so. failing companies being supported by government is only a very short term solution in the long term it is a disaster. hundreds of thousands of americans say they want to break away from washington residents across the land of sun internet petition...
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how can you tax it? >> reporter: that's the huge piece that needs to be worked out by the washington state bureau of liquor that's going to run all of this just like they regulate liquor sales, they're going to regulate marijuana sales. they're going to license and tax the growing, the processing and retail sales for all marijuana all at 25% plus fees for every individual that goes into those various businesses. they project that in the first five years nearly $2 billion from this program alone. >> and then this is not the only state because during this federal election there were two states that ended up on positive end of legalizing recreational marijuana. the other one being colorado. why do we not see a party there today? >> reporter: because they haven't made it legal yet. the governor there has to act before january 5th and then they will make it at some point legal to possess pot there as well. and then they'll have to go through the same process of setting up the rules to figure this out. advocat
how can you tax it? >> reporter: that's the huge piece that needs to be worked out by the washington state bureau of liquor that's going to run all of this just like they regulate liquor sales, they're going to regulate marijuana sales. they're going to license and tax the growing, the processing and retail sales for all marijuana all at 25% plus fees for every individual that goes into those various businesses. they project that in the first five years nearly $2 billion from this program...
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megyn: capital gains tax rate is different from the income tax rate in this country. on social security he a lower rate -- [talking over each other] megyn: president clinton lowered the capital gains rate. there is no correlation between its relation to investment income and earn income. megyn: why demonize the rich? the mortgage meltdown was a nightmare. but why demonize all of the rich? >> i hope to be rich one day. i aspire to. i would love to be a billionaire. i think people have admiration for the ones who follow the rules and who actually earn what they may. but when someone basically sits on their assets and gets 13.9% of the tax rate, i think that frustrates people. megyn: but that is legal. are you saying it's morally wrong? [talking over each other] [talking over each other] >> not at all. it is legal. but the law is asinine. there is no reason why it should be taxed. >> c-1 government enforcement of the tax code as equalization for everybody? [talking over each other] [talking over each other] >> you believe someone should earns $40 billion year should pay
megyn: capital gains tax rate is different from the income tax rate in this country. on social security he a lower rate -- [talking over each other] megyn: president clinton lowered the capital gains rate. there is no correlation between its relation to investment income and earn income. megyn: why demonize the rich? the mortgage meltdown was a nightmare. but why demonize all of the rich? >> i hope to be rich one day. i aspire to. i would love to be a billionaire. i think people have...
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that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is welcome it's on behalf of the palestinian authority has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states from the european union if you look at the sick the population in this country they too are also unhappy they do not believe that the israeli prime minister netanyahu will go ahead with building these units they believe that it's almost a cheap route by netanyahu to try and gain support ahead of january's elections and that this is an internal matter to try and really build votes the middle yahoo government essentially sees this but and perhaps i should say not just in the technology government but many israelis feel that it was a one sided resolution that was put forward at the united nations and the point being made by the government is that they cannot be any kind of unilateral moves on the palestinian side they need to first be nego
that the israeli government has taken is that they have frozen some one hundred million dollars in tax money that is welcome it's on behalf of the palestinian authority has built a painful blow to the p.a. because essentially can only cover around seventeen percent of its needs the rest of the money comes from this tax money comes from the united states from the european union if you look at the sick the population in this country they too are also unhappy they do not believe that the israeli...
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it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that they believe that grown-ups will do the job when they have to. they don't believe they're going to let us go over the cliff. >> i don't think the grown-ups believe they have to do the job by january 1st. i believe they believe the grown-ups have to do the job by january 30th or february 15th. >> they're going to believe the politicians can get the job done when they failed to get it done by january 1st. they're then going to believe -- >> i hear what steve is saying there. i'm standing in your camp, which is a rare spot for me to be in, standing in chris's camp here, but i think you're right. i think the markets have not baked this into their equation. >> dysfunction and childishness. >> dysf
it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that they believe that grown-ups will do the job when they have to. they don't believe they're going to let us go over the cliff....
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known raising the gas tax could be seen as a big blow to those big oil companies but if i had to bet companies like exxon mobil which by the way made forty one billion dollars in profit last year probably are going to let those profits go down it would more likely mean customers paying more at the pump. third half of the program cuts in the original simpson bowles plan have already been achieved so taking a look at the map you see of the two point nine trillion dollars of program cuts about one point five trillion have already been announced it looks like congress at least was listening to that part of the plan. all right for social security may no longer be the third rail in american. the text since in bold makes three main changes to social security it increases the taxable maximum on income to ninety percent of all income which would raise two hundred thirty eight billion dollars over the next decade it also uses a different measure of inflation to slow cost of living adjustments and it also raises the retirement age once again now for decades after social security was first imple
known raising the gas tax could be seen as a big blow to those big oil companies but if i had to bet companies like exxon mobil which by the way made forty one billion dollars in profit last year probably are going to let those profits go down it would more likely mean customers paying more at the pump. third half of the program cuts in the original simpson bowles plan have already been achieved so taking a look at the map you see of the two point nine trillion dollars of program cuts about one...
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he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehner actually talked by phone not too long ago. >> that's right, harris. we confirmed that there was a phone call between the two leaders this afternoon. no m
he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good...
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they paid only one point two million pounds worth of tax in two thousand and ten when in fact despite when in fact they made profits of around one hundred eighty one million which equates to a tax bill of around fifty one million pounds according to estimation. laura smith in london thank you very much for that update we'll see what the final sentence will be then. so i had this ally india is already to flex its muscles in the south china sea as a country for this team staking a claim for a huge oil and gas bill they're going to come from i think eighteen. plus the us senator received some tit for tat medicine from moscow in response to fit into slap a travel ban and russian thank you for breaching human rights that's another international story to show. a forty nine year old southern california man was thrown in prison and charged with possessing materials to make explosive device all because of his rather unusual wristwatch despite the bomb squad saying that his watch was not a weapon here rated custody for twenty four hours and was charged with the crime anyways a spokesman for the
they paid only one point two million pounds worth of tax in two thousand and ten when in fact despite when in fact they made profits of around one hundred eighty one million which equates to a tax bill of around fifty one million pounds according to estimation. laura smith in london thank you very much for that update we'll see what the final sentence will be then. so i had this ally india is already to flex its muscles in the south china sea as a country for this team staking a claim for a...
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it's also shut down cash flows to the palestinians it collects around one hundred million dollars in taxes and customs duties which will now go to paying the palestinian substantial debts to israeli companies israeli academic middle east and told my colleague kevin i mean that statehood should be a cheat prepays talks. the majority of israelis including the skull from a by the way have stated clearly that they'd like to see palestine independent both of us understand that there is a difference between saying palestine independent and doing it on your own with the united nations without israel as a partner as if saying that the impediment is just the state that's here let's do this hand in hand without negotiations without us as a partner to do a one sided to impose it on israel and they feel the strong need to give a response as an israeli i can say that has to do with domestic politics personally i don't necessarily adhere to that stop i think you've heard a lot of criticism here in israel in linking it in such a way but that is also about politics but of course israel maybe not helping t
it's also shut down cash flows to the palestinians it collects around one hundred million dollars in taxes and customs duties which will now go to paying the palestinian substantial debts to israeli companies israeli academic middle east and told my colleague kevin i mean that statehood should be a cheat prepays talks. the majority of israelis including the skull from a by the way have stated clearly that they'd like to see palestine independent both of us understand that there is a difference...
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taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of congress' plate. something which members of congress seem to think at least is a no starter. what is the value in putting that out there? >> well again it needs to be said. this is crazy. the way that the debt ceiling works is that congress can actually vote to not tax enough to pay for the spending it proposes and then it can refuse to allow the government to borrow the money to make up the difference between its own spending bills and its own tax bills. this is crazy. this is a license for continual irresponsibility. and of course we're heading for... the republicans are attempting to d
taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of...
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>> the tax problem is the biggest problem. president obama has laid out in the past and seen willing to me, at least, to make some cuts to medicare. maybe not ones conservatives like. what we don't know yet, the big question is, president obama is pushing for $1 trillion in tax increases, pushing it for a long time. he feels he has a mandate on that now. we know his idea is about raising revenue. we don't know what the republicans ideas are on the revenue. that's what we need to know. that's the whole question, what are they. go ahead. >> we've heard from lindsey graham yesterday or the day before with regards to revenue. he still contends, ari, that you can raise a significant chunk of revenue, he's thrown out $800 billion at least by closing loopholes and limiting deductions, whether it's $30,000, $40,000, $50,000. >> yeah, but he's just talking, right? just talking. what the president has done is outlined a plan. he outlined it once and the american people voted for it, and he outlined it again, not surprisingly, the same c
>> the tax problem is the biggest problem. president obama has laid out in the past and seen willing to me, at least, to make some cuts to medicare. maybe not ones conservatives like. what we don't know yet, the big question is, president obama is pushing for $1 trillion in tax increases, pushing it for a long time. he feels he has a mandate on that now. we know his idea is about raising revenue. we don't know what the republicans ideas are on the revenue. that's what we need to know....
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the bush tax cut for everybody. each has a bill and same argument. i don't imagine the president has upper hand in that. >> bret: next up, president george w. bush on immigration reform. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> immigrants come with new skills and new ideas. they fill a critical gap in the labor market. they work hard for a chance for a better life. america can be a lawful society. and a welcoming society at the same time. >> bret: former president george w. bush talking about the importance for republicans to embrace immigration reform. it's a theme many republicans are talking about, including incoming senator ted cruz who talked about it this week in d.c. >> i think republicans need to remain a party that supports securing the border and stopping illegal immigration. at the same time, welcomes and celebrates
the bush tax cut for everybody. each has a bill and same argument. i don't imagine the president has upper hand in that. >> bret: next up, president george w. bush on immigration reform. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> immigrants come with new skills...
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rest of the money comes from this tax money comes from the united states and from the european union if you look at the sick the population in this country they too are also unhappy they do not believe that the israeli prime minister netanyahu will go ahead with building these units they believe that it's almost a cheap move by netanyahu to try and gain support ahead of january's elections and that this is an internal matter to try and really build votes b. and that's one of the government essentially sees this but and perhaps i should say not just in the technology government but many israelis feel that it was a one sided resolution that was put forward at the united nations and the point being made by the government is that they cannot be any kind of unilateral moves on the palestinian side they need to first be negotiations and only then can that lead to talks there needs to be direct talks between both sides. but israeli prime minister benjamin netanyahu is brushing off criticism at home that he's worsening the country's diplomatic isolation he's vowing to press ahead anyway and
rest of the money comes from this tax money comes from the united states and from the european union if you look at the sick the population in this country they too are also unhappy they do not believe that the israeli prime minister netanyahu will go ahead with building these units they believe that it's almost a cheap move by netanyahu to try and gain support ahead of january's elections and that this is an internal matter to try and really build votes b. and that's one of the government...
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or draw a bill that could give the government taxes to people that are serious response and privacy concerns with how the secretary labeling everyone opposed to terrorists and paedophiles. under these rope of yours they were brought to you on polls to reveal the truth about its nuclear program worth using top knowledge and other topics weapons on it it does the. international news life or this is all she was me you national politics for joining us opposition groups in egypt how we should a set of demands to the country's president mohamed morsi aimed at scrapping his latest political drives this follows a fierce standoff outside the presidential palace in cairo which reportedly falls they gyptian lead it to flee the building cairo based reporter belcher has more cars. i was that in the march tenth out of tens of thousands of protesters coming from various locations in cairo converging in front of the presidential palace in a suburb of cairo when they got there they were greeted by police behind barbed wire and really i mean speaking of the protesters they felt like they wanted to protest the
or draw a bill that could give the government taxes to people that are serious response and privacy concerns with how the secretary labeling everyone opposed to terrorists and paedophiles. under these rope of yours they were brought to you on polls to reveal the truth about its nuclear program worth using top knowledge and other topics weapons on it it does the. international news life or this is all she was me you national politics for joining us opposition groups in egypt how we should a set...
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when it comes to raising taxes on the wealthy those making more than two to fifty thousand dollars if republicans do not agree to that is the administration prepared to go over the fiscal cliff oh absolutely. absolutely but when it comes to the u.s. is economic problems does this tax debate or even as fiscal cliff debate begin to scratch the surface of the crisis. former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time and bald churchy i don't do it anymore of those boys much they do not read his words will. they go and the as these the is reportedly investigating going to be providing twelve billion dollars in derivatives trading losses in two thousand and eight yeah yeah there's a list of alleged bad bank behavior how is good capitalism though being driven out by bad capitalism all will break it down and word of the day plus alan greenspan says a painless solution to the u.s. debt is a fantasy finally somethi
when it comes to raising taxes on the wealthy those making more than two to fifty thousand dollars if republicans do not agree to that is the administration prepared to go over the fiscal cliff oh absolutely. absolutely but when it comes to the u.s. is economic problems does this tax debate or even as fiscal cliff debate begin to scratch the surface of the crisis. former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the...